About D-Wave
D-Wave is a company based in Burnaby (Canada) founded in 1999 by Haig Farris and Eric Ladizinsky. D-Wave has raised $210.36 million across 13 funding rounds from investors including Fidelity Investments, Goldman Sachs and NEC. The company has 220 employees as of December 31, 2024. D-Wave operates in a competitive market with competitors including Rigetti Computing, Quantum Circuits and Qolab, among others.
- Headquarter Burnaby, Canada
- Employees 220 as on 31 Dec, 2024
- Founders Haig Farris, Eric Ladizinsky
- Stage Public
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Sectors
Technology
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Email
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Phone
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- Legal Name D-Wave Quantum Inc.
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Annual Revenue
$8.83 M (USD)0.79as on Dec 31, 2024
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Net Profit
-$143.88 M (USD)-73.95as on Dec 31, 2024
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EBITDA
-$75.29 M (USD)4.33as on Dec 31, 2024
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Total Equity Funding
$210.36 M (USD)
in 13 rounds
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Latest Funding Round
$40 M (USD), Grant
Mar 11, 2021
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Investors
Fidelity Investments
& 15 more
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Employee Count
220
as on Dec 31, 2024
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IPO & Listings of D-Wave
D-Wave is a publicly listed company on the NYSE with ticker symbol QBTS in USA, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of D-Wave
D-Wave has successfully raised a total of $210.36M across 13 strategic funding rounds. The most recent funding activity was a Grant round of $40 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in D-Wave
D-Wave has secured backing from 16 investors, including institutional and venture fund investors. Prominent investors backing the company include Fidelity Investments, Goldman Sachs and NEC.
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Investor details for D-Wave
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Investments & Acquisitions by D-Wave
Investment portfolio details for D-Wave
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Financial Statements - D-Wave
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D-Wave Comparisons
Peer comparison for D-Wave
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Competitors of D-Wave
D-Wave operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rigetti Computing, Quantum Circuits and Qolab, among others.
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Full-stack quantum computing solutions using superconducting qubits are developed.
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Superconducting quantum circuits are developed for modular quantum computers.
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Superconducting qubits are offered by Qolab for diverse quantum applications.
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Detailed competitors of D-Wave
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Latest news on D-Wave
Complete news archive for D-Wave
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Frequently Asked Questions about D-Wave
D-Wave was founded in 1999 and raised its 1st funding round 9 years after it was founded.
D-Wave is headquartered in Burnaby, Canada. It is registered at Burnaby, British Columbia, Canada.
Alan Baratz is the current CEO of D-Wave.
D-Wave is a funded company, having raised a total of $210.36M across 13 funding rounds to date.
As of Dec 31, 2024, the latest employee count at D-Wave is 220.
Annual revenue of D-Wave is $8.83M as on Dec 31, 2024.
D-Wave was founded in 1999 in Burnaby, Canada, within the quantum computing sector. Universal quantum computers and associated software are developed, including open-source tools compatible with quantum processors and classical hardware. A cloud platform is provided to allow real-time access for application developers, supporting the creation of custom quantum applications across various architectures. Operations focus on advancing quantum technology solutions.
D-Wave's top competitors include Rigetti Computing, Qolab and Quantum Circuits.
Yes, D-Wave is publicly traded on NYSE under the ticker symbol QBTS.
D-Wave has 16 investors. Key investors include Fidelity Investments, Goldman Sachs, NEC, BCI, and BDC.
The ticker symbol of D-Wave is QBTS on NYSE.